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Stoma/Ostomy Care Market is expected to reach US$ 8.8 Billion by 2032

[250 pages Report] Stoma/Ostomy Care market share is expected to grow at a slow growth rate of 4% over the forecast period 2022-2032, finds Future Market Insights (FMI) in a recent market analysis.

The rising prevalence of target diseases, innovations in ostomy goods and surgery methods, growing awareness, and reimbursements contribute to the stoma care market expansion.

The most common illnesses that necessitate ostomy care procedures are colorectal cancer, bladder cancer, and inflammatory bowel disease. The surgical excision of the aggressive melanoma of the intestine is used to treat colorectal cancer and inflammatory bowel disease (IBD). In some situations, a surgical incision is established through the abdomen to offer a new waste minimization conduit, known as an ostomy.

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The adoption of stoma/ostomy care procedures performed worldwide has increased due to an increase in the occurrence of these illnesses and greater exposure to risk factors, such as altering eating habits and increasing antibiotic use in children.

Despite the recent developments in stoma care, the stoma/ostomy market faces a more significant number of restraints that limit the growth potential. The market is likely to be restrained by stoma care problems, discomfort, and other concerns linked to ostomy goods, societal stigma, and the increased acceptance of alternative therapies, particularly in developing nations.

As per the stoma/ostomy care market analysis, following the COVID-19 pandemic, there has been a steady decline in the care and prognosis of colon cancer patients in hospitals. The coronavirus treatment was prioritized amongst CRC patients who contracted the virus without requiring surgery. The considerable delay in CRC treatment during the pandemic had a detrimental effect on the market

Although stomas are a reasonably common and safe surgery, there are certain risks. Although most stoma problems are mild, some, particularly necrosis and exhaustion, can become medical catastrophes. To some degree, these issues constrain the acceptance of stoma care appliances.

The stoma care market recorded a valuation of US$ 2.6 Bn in 2021, and is growing at an estimated CAGR of 4% during 2022-2032.

Key Takeaways:

As per the recent developments in stoma/ostomy care, the home care settings category led the market in 2020, accounting for 45.4 percent of total revenue, and is predicted to grow at the fastest pace during the forecast period. From 2021 to 2028, the accessories section is predicted to grow at the fastest rate of 6.6 percent as per stoma/ostomy care market trends.
In 2020, the ostomy bags sector in terms of product type held the most significant share of the stoma/ostomy care market, accounting for 88.50 percent. This segment is expected to grow at a CAGR of 4.2 percent during the forecast period.
Based on end users, hospitals, specialist clinics, and stoma care in nursing accounts for the highest share in the stoma/ostomy care market.
Regionally, Europe accounted for 37.85% of the stoma/ostomy care market growth rate in 2020 due to the prevalence of favorable reimbursement scenarios and improved stoma care procedures appliances and nursing considerations.

“Improvement in product design will remain a key differentiator as end users have to face stigma with the drainage bags.” reports FMI analyst.

Competitive Landscape

The European stoma/ostomy care market size is the largest. However, as per the recent trends, key players are focusing on the Asia Pacific market, given the cheap labour cost to reduce their overheads and wide pool of patients.

Coloplast is a well-known name in the stoma/ostomy care trends. The company’s industry-leading position is due to its robust pipeline of new goods, budget management, and implementation of new tactics to increase its product offering based on new technologies and services. In the 2020 fiscal year, the company’s ostomy care business reported an organic sales increase of 6%.
Under the trade name Aurum Plus, Welland Medical Limited tapped the stoma care market opportunity and developed a new innovative ostomy bag in June 2021. It comes in both closed and drainable varieties.

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Key Segments

By Surgery Type:

Colostomy
Ileostomy
Urostomy

By Product:

Ostomy Bags
Ostomy Accessories

By End User:

Hospitals and Specialty clinics
Home care settings
Ambulatory Surgical Centers

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Home Infusion Therapy Devices Market is projected to total US$ 3.8 Billion by the end of 2031

According to a recent study by Future Market Insights (FMI), sales of home infusion therapy devices are expected to top US$ 2.0 Bn in 2021, growing at a CAGR of over 6.5% during the forecast period (2021-2031).

Home infusion therapy devices are used for the intravenous administration of medicines. It is commonly prescribed for patients with serious infections and specialized diseases when orally administered medicines are not or comparatively less effective.

Application of home infusion therapy devices is increasing with the rising number of surgeries conducted across the globe. Post-surgery pain management at home can be done with the help of home infusion therapy devices.

Besides this, rising healthcare expenditure and growing awareness regarding the risk and infection amidst the outbreak of COVID-19 is driving the demand of home infusion therapy devices.

Key Takeaways from Home Infusion Therapy Devices Market Study

By product type, infusion system accessories will hold around 45% of value share globally.
Based on the application, antibiotic administration is leading with over 34% of the market share.
Home care settings sales will dominate the home infusion therapy devices, with a market share of 65% during the forecast period.
By region, the U.S. will dominate the global home infusion therapy devices market with a value share of around 37% during the forecast period.
Followed by North America, Europe will be the second-largest leading region, with a value share of 93.2% during the forecast period.
India is the dominant country in term of revenue for South Asia Home infusion therapy devices market, accounting for nearly 48% of market share in 2021.
China holds leading position in East Asia and is expected to account for nearly 52% of market share.

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“Growing prevalence of chronic diseases such as diabetes and cancer in the midst of COVID-19 pandemic and high risk of infection across hospitals encouraged key players to invest in new product launches. This is expected to enable growth in the market in the coming years” says a FMI Analyst.

Who is Winning?

Key players are focusing on new product launches and approvals. Other growth strategies adopted by leading players include, agreements, and collaborations among key manufacturers. By focusing on these strategies, key players are expanding their geographic presence and strengthening their existing product portfolio.

For instance,

In June 2019, Baxter International Inc. announced that Myxredlin that is the first and only ready-to-use insulin for IV infusion get the US FDA approval.
In Jan 2019, Fresenius Kabi AG launched two colourful bags via white spiral cables to supply the nutrient solution for parenteral nutrition.
In April 2017, B. Braun Melsungen AG announced the launch of home infusion therapy App named Easypump® for healthcare professionals and patients.

The key market players profiled by FMI include Becton, Diciknson & Company, B.Braun Melsungen AG, Baxter International, Fresenius Kabi, Terumo Corporation, ICU Medical, Nipro Corporation, Smiths Medical, Micrel Medical Devices SA, Moog Inc., JMS Co.Ltd., Intera Oncology, and Others Top-up.

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Home Infusion Therapy Devices Market by Category By Product Type:

Disposable Elastomeric Pumps
Insulin Pumps
PCA Pumps
Electronic Ambulatory Pumps
Infusion System Accessories

By Applications:

Enteral Nutrition
Parenteral Nutrition
Chemotherapy
Antibiotic Administration
Others

By End User:

Home Care Settings
Long Term Care Centers

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Tissue Engineered Skin Substitute Market is estimated for a robust 9.6% CAGR during 2022 – 2029

[248 Pages Report] Rapid expansion of wound management space has argued well for the growth in demand for tissue engineered skin substitutes. The global tissue engineered skin substitute market is projected for a robust 9.6% CAGR during 2022 – 2029, predominantly driven by high applicability in diabetic foot ulcers and other chronic wounds.

With advent of tissue engineering and improved ability to combine advanced manufacturing technologies with biomaterials and cell culture systems, more biomimetic tissue constructs have been emerged. Technological advancements are leading to production of advanced tissue engineered skin substitutes. 3D bioprinting and biotextile are emerging as popular biofabrication strategies for creating bioengineered skin substitutes. A team of researchers in the U.S. recently discovered a technology for complete 3D printing of the living skin along with blood vessels. Emergence of such revolutionary fabrication technologies will create a massive opportunity in the global market.

Despite breakthrough innovations assisting the growth of market, certain limitations are still there. The inability of tissue engineered skin substitutes to produce skin appendages such as hair follicles, sebaceous glands, and nails continues to remain among the most concerning challenges facing R&D teams

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Key Takeaways – Tissue Engineered Skin Substitute Market Study

With increasing researches in tissue engineering, the demand for biologic skin substitute is expected to increase in the forecast period. For instance, a team of engineers at the California Institute of Technology (Caltech) and ETH Zurich have developed an artificial skin made from pectin, a naturally occurring long-chain molecule present in plant cell walls allowing the construction of natural and new dermis.
Increasing prevalence of diabetes and chronic wounds is boosting the demand for tissue engineered skin substitutes.
The demand for tissue engineered skin substitutes in emerging economies such as China and India is expected to increase owing to increasing incidence of diabetic foot ulcers, venous leg ulcers, and pressure ulcers.

tissue engineered skin substitute market

Leading Manufacturers Setting the Pace for Product Innovations

The tissue engineered skin substitute market is a consolidated market. The tier 1 companies in the tissue engineered skin substitute market such as Allergan Plc., Mimedex Group Inc., Integra LifeSciences Corp. and Integra LifeSciences Corp. are expected to hold more than half of the total revenue generated by tissue engineered skin substitutes. The key players in the market are reshaping their current product portfolio by focusing on the introduction of new and advanced technologies and innovating new products.

Seeking More Insights?

Tissue engineered skin substitute market, a new study from Future Market Insights, opines on the evolution of tissue engineered substitute market from 2014 – 2021 and presents demand projections from 2022 – 2029 on the basis of; product (acellular skin substitute, biologic skin substitute, cellular skin substitute and synthetic substitute), material (synthetic and natural), application (chronic wound, acute wound and other applications such as breast reconstruction etc.) and end user (hospital, specialty clinics, ambulatory surgical centres and research laboratories) across seven prominent regions.

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Tissue Engineered Skin Substitute Market by CategoryBy Product:

Acellular Skin Substitutes
- Acellular skin substitutes based on Amniotic Membrane
- Other Acellular skin substitutes
Biologic Skin Substitute
- Allograft
- Xenograft
Cellular Skin Substitutes
- Cellular skin substitute based on amniotic membrane
- Other cellular skin substitutes

Synthetic Skin Substitutes

By Material:

Synthetic
Natural

By Application:

Chronic Wounds
- Venous leg Ulcers
- Diabetic Foot Ulcer
- Pressure Ulcers
Acute Wounds
- Traumatic Wounds
- Burn Cases
Other Applications

By End User:

Hospital
Specialty Clinics
Ambulatory Surgical Centers
Research Laboratory

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By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

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Wound Irrigation Systems Market Prominent Players – BSN Medical, Cooper Surgical Inc., Zimmer Biomet, Stryker Corporation, Centurion Medical Products

There are various aspects influencing the growth of the global wound irrigation systems market in a positive as well as in a negative manner. Factors such as increasing initiatives by healthcare facilities, availability of improved product lines for wound care, increasing prevalence of chronic wounds and increasing adoption of advanced wound care products are pushing the growth of the global market for wound irrigation systems.

Factors such as relatively higher costs associated with advanced wound care products and limited awareness among the rural population are hindering the growth of the global wound irrigation systems market. The market has also witnessed few trends that are likely to define the market’s growth in the coming years. Increasing acceptance of standardised protocols to manage complex wounds and collaborative agreements between manufacturers and channel partners are few of the trends that are contributing to the growth of the global wound irrigation systems market.

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The report on the global wound irrigation systems market covers annual sales revenue generated by various market segments during the period of assessment 2017-2027. Furthermore, developments taking place in the market, various trends impacting the market and other drivers fuelling the growth of the global wound irrigation systems market are enumerated in this research. Also few challenges that are pulling market growth southward are also assessed.

The research report titled “Wound Irrigation Systems Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” presents a complete high level overview of the market to the reader and supports strategic plans for future moves by portraying an accurate forecast model of the global wound irrigation systems market.

Global Market Study on Wound Irrigation Systems: Forecast Analysis

The global wound irrigation systems market is expected to grow at a slow rate to register a CAGR of 3.0% throughout the period of assessment and reach a valuation of more than US$ 300 Mn by the end of the year of assessment from a value of about US$ 230 Mn in 2017.

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Global Market Study on Wound Irrigation Systems: Segmental Snapshot

The global wound irrigation systems market is segmented by product type, by wound type, by end user and by region.

By product type, the battery operated segment is the largest with a high market valuation. The manually operated segment, however, is gaining traction and is poised to grow at a comparatively high CAGR throughout the period of forecast

By wound type, the chronic wounds segment is projected to grow at a high CAGR of 3.5% during the forecast period. The acute wounds segment is likely to dominate the global market

By end user, the home care centres segment is expected to grow at the fastest pace to reach a CAGR of 4.7% during the forecast period

By region, North America is anticipated to radiate high market attractiveness throughout the forecast period. The wound irrigation systems market in Asia Pacific excluding Japan is projected to grow at a comparatively high rate during 2017-2027

Global Market Study on Wound Irrigation Systems: Competitive Scenario

The research report on the global wound irrigation systems market covers in-depth analysis on various key players participating in the market. Company overview, SWOT analysis, product portfolio, key developments and various growth strategies of major companies such as

Zimmer Biomet
Stryker Corporation
Centurion Medical Products
BSN Medical
Cooper Surgical Inc.
C. R. Bard, Inc.
Medtronic Plc.
Bionix
Westmed, Inc.

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Market Segmentation

The global wound irrigation systems market is segmented in detail so as to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

Manually Operated
Battery Operated

By Wound Type

Acute Wounds
Chronic Wounds

By End User

Hospitals
Ambulatory Surgical Centres
Clinics
Long Term Care Centres
Homecare Settings

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Microalgae DHA Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2022 -2027

The global microalgae DHA market is expected to register significant CAGR, attributed to health consciousness of consumers, advantages of microalgae DHA over fish oil DHA, and high demand for infant formulae over the forecast period. Algae oil is rich in omega-3 PUFAs (polyunsaturated fatty acids), particularly DHA (docosahexaenoic acid). DHA is an essential component of the brain and crucial fatty acid among the omega-3 PUFAs. DHA plays an important role in the development of brain in infants, which became more popular following research findings that many formula-fed infants have lower levels of DHA and ARA (arachadonic acid) as compared to breast-fed infants.

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The growth of the global microalgae DHA market is driven by growing demand for DHA in infant formula and increasing health consciousness among consumers. Advantages of microalgae oil market over fish oil, most demanded in DHA market such as greater shelf-life i.e. high oxidative stability and pleasant odor and taste are fueling the global microalgae DHA market.

Macroeconomic factors such as rapid rate of urbanization, increasing per capita income, changing lifestyle, and growing economy driving the global microalgae DHA market. Microalgae oil manufacturers are not able to charge at competitive prices compared to alternative poly unsaturated fatty acid sources due to high production cost, particularly DHA and eicospentaenoic acid from fish oil.

This, in turn, leads to restraining the global microalgae DHA market. Manufacturers of DHA market are investing in research and development and trying to differentiate their products portfolio which is trending the global microalgae DHA market. The company operates in the microalgae DHA market can increase its share through collaboration with domestic players and forward integration in the market.

The global microalgae DHA market is segmented on the basis of distribution channel, end-user, and region. Based on distribution channel, the global microalgae DHA market segmented as convenient stores, hypermarkets /supermarket, e-Commerce, and individual stores.

Among which, hypermarkets/supermarket, segment is expected to contribute for major revenue share whereas, e-Commerce segment is expected to expand at a significant CAGR in the global microalgae DHA market, attributed to increasing adoption of e-Commerce across the globe.

On the basis of end-user, the global microalgae DHA market is segmented as consumers, food manufacturers, nutraceutical manufacturers, cosmetics manufacturers, pharmaceutical manufacturers, and animal feed manufacturers, wherein pharmaceutical manufacturers segment have significant revenue share, whereas, nutraceutical manufacturers segment is expected to register significant CAGR, over the forecast period.
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Global Microalgae DHA Market Regional Outlook

Based on the geographies, the global microalgae DHA market is split into seven regions including Asia-Pacific except Japan, North America, Western Europe, Eastern Europe, Japan, Latin America, and the Middle East & Africa.

Among the regions, Asia-Pacific except Japan is expected to dominate the global microalgae DHA market with relatively high growth rate, attributed to rapidly growing population, rapid rate of urbanization, and changing lifestyle of consumers across the region.

North America is followed by Asia-Pacific except Japan and is expected to expand at a significant growth rate in microalgae DHA market, owing to high demand for DHA across the region. Europe also accounts for significant value share in the global microalgae DHA market, but growth of microalgae DHA market is limited due to embedded fish oil alternatives in the region.

Overall, the outlook for the global microalgae DHA market will have a positive growth over the forecast period, growing demand for infant formulae containing DHA across the globe being a counterfeiting factor.

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Tower Mounted Amplifier Market is Expected to Progress at a CAGR of 7.8% from 2022 – 2027 | Report by FMI

Future Market Insights has come up with a powerful research analysis on the Tower Mounted Amplifiers Market covering the global scenario. The research report covers key trends in technology, product developments and growth facilitation aspects and also highlights aspects challenging the growth of the global Tower Mounted Amplifiers market. The study also includes historical data and analysis for the period of 10 years (2022-2027), current market scenarios and future market forecasts.

All statistical analysis, market information and key insights are presented in a systematic format in the latest research report titled “Tower Mounted Amplifier Market: Global Industry Analysis (2012-2021) and Opportunity Assessment (2022-2027)”. Tower Mounted Amplifier (TMA) Market expand at a CAGR of 7.8% to reach US$ 5.43 Bn in 2022 and US$ 8.54 Bn by the year 2027.

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Emerging IoT and M2M technologies and other technological advances are driving the growth of the global tower mounted amplifier market

Internet of Things (IoT) technology has received very high interest in the past few years due to the increasing number of connected devices. A variety of telecom operators are providing IoT-based services to small and medium-sized enterprises (SMEs) and large enterprises. IoT-based services are cost-effective and provide consumers with a number of benefits, such as machine-to-machine (M2M) communication and wireless transactions. However, these devices require a power amplifier to increase coverage and consume less battery power. This has made tower-mounted amplifiers an excellent choice among network service providers, which in turn fueled the growth of the global tower-mounted amplifiers market.

Additionally, with the increasing adoption of modern technologies such as fiber optics, 4G, 5G upgrades, and many other networking technologies in telecommunication infrastructure, many regions of the world are witnessing the advancement of telecommunication technologies at a faster pace. Virtualization also takes the telecom sector to the next level, enabling consumers to leverage their ability to use software solutions delivered in the cloud. This allows smartphone users to store their data in the cloud, which increases the requirement for a good network connection to quickly access data at any time. This contributed to the use of tower-mounted amplifiers, leading the global market.

Asia Pacific Ex-Japan (APEJ) Shows Potential Growth Opportunities

The growing network infrastructure in the region has contributed to the growth of tower-mounted amplifiers. The growing number of smartphone users has placed an increasing demand on new network infrastructure to improve communication and balance the growing network traffic. In emerging countries such as India, the number of consumers using smartphones is increasing at a high rate, and the installation of a mobile communication network tower is required to stabilize traffic generated in a specific network. Therefore, as the network infrastructure increases, the distribution of tower-mounted amplifiers increases, making the Asia-Pacific region excluding Japan a very favorable region for the growth of the tower-mounted amplifier market in the future. According to this study,

Impact of COVID-19 on Market Growth

The COVID-19 pandemic (global pandemic) is ravaging the world economy and society. A pandemic has a negative impact on the supply chain. COVID-19 has had a significant impact on the tech sector from the start. The amplifier market has suffered from disruptions in the electronics supply value chain and raw material supply.On the other hand, the acceptance of remote work has had a positive impact on the sector. The focus is on integrating digital technologies and big data analytics in the IT services and technology industries, and the outlook is promising.

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Competitive Landscape

The research report on Tower Mounted Amplifiers covers the analysis of the key players involved in the market. Profile companies include CommScope Inc., Filtronic plc., Westell Technologies, Tessco Technologies Inc., Amphenol Antenna Solutions, Comba Telecom Systems Holdings Ltd., Microdata Telecom AB, Kathrein-Werke KG, Molex, Inc., Kaelus, Inc., There is NXP. Semiconductors NV, Combilent A/S, Eyecom Telecommunications Group, Communication Components Inc. and Radio Design Ltd.

Key Segments of Tower Mounted Amplifier Industry Survey

Tower Mounted Amplifier by Product:

Single Band Tower Mounted Amplifiers
Dual Band Tower Mounted Amplifiers
Triple Band Tower Mounted Amplifiers
Multi Band Tower Mounted Amplifiers

Tower Mounted Amplifier by Modularity:

1-Single Tower Mounted Amplifiers
2-Twin Tower Mounted Amplifiers
4-Quad Tower Mounted Amplifiers

Tower Mounted Amplifier Market by Region:

North America Tower Mounted Amplifier Market
Latin America Tower Mounted Amplifier Market
Europe Tower Mounted Amplifier Market
East Asia Tower Mounted Amplifier Market
South Asia & Pacific Tower Mounted Amplifier Market
Middle East & Africa (MEA) Tower Mounted Amplifier Market

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Radar Market Value to Grow by Almost US$ 60.5 Billion in 2028 | Future Market Insights, Inc.

The Radar Market size is forecast to total US$ 34.2 Bn in 2022, expanding at a 10% CAGR, the market valuation is anticipated to surpass US$ 60.5 Bn by 2028. A new report published by Future Market Insights (FMI) titled “Radar Market: Global Industry Analysis (2017-2022) and Opportunity Assessment (2022-2028)” states that with the increasing focus of governments on security and the growing funding of the sector are expected to trigger substantial growth in the global radar market in the coming years.

Radar is a type of object-detection system that employs radio waves for determining the angle, range, or velocity of respective objects. It can also be used for detecting ships, aircraft, guided missiles, motor vehicles, weather formations, spacecraft, and terrain. As a result of these benefits, the demand for radar is likely to rise over time, especially in the defence and aerospace sectors.

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Increasing Application Areas to Present Lucrative Growth Prospects

Radar detectors are employed to map out climatic conditions for the air force, army, and other maritime tasks. Shuttle, air ship, boats, and vehicles are few of the key users of radar innovation. The presentation of 3D radar innovation and an expansion in the utilization of unmanned aerial vehicles (UAVs) is driving the market for radar framework and innovation internationally. Unmanned vehicles are basically utilized in peacekeeping activities and are additionally utilized for reconnaissance purposes. These UAVs work on radio signs, and the installed radar permits these UAVs to execute moving target location, which can track and distinguish moving articles, for example, tanks, choppers, and flying machine with a range up to 9.32 miles. This has brought about and advancement in UAVs for military powers over the world, which will, thus, drive the market for radars in the forthcoming years.

However, budgetary constraints and the dearth of indigenous capacities in several nations are likely to act as a road block in the growth of the global radar market in the course of the forecast period.

Defence and Aerospace to Grab a Substantial Piece of the Pie; Automotive to Catch up

Growing security concerns along with rising defence budgets of both developing and developed nation are the core factors that are expected to boost the growth of the global radar market in the long run. Technological proliferation is expected to have incessant impacts on the growth of the market in this sector.

The developing market for radars is expected to be in the automotive industry. While today’s cars make limited use of radars, future cars are anticipated to integrate radars as a default element in their models. The chances for radar companies to capitalize on this evolving market are currently very high. Several automakers are still looking to partner with component manufacturers on integrated radar systems. For radar manufacturers, the time to invest in automotive radars is ideal because automotive radars are still under research and an early investment from the companies in the R&D process would stand them to gain a favourable learning chance.

Other than these, based on type, detection and search radars will the most used radars followed by weather sensing radars by the end of the forecast period. On the basis of range, the market is expected to be led by medium range. Based on platform, radar are likely to be used highly in airborne activities.

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Key Players to Focus on Technological Enhancement

The players operating in the market are likely to focus on technological enhancement at present to maintain a strong hold over the market in the long run. The leading companies in the market are BAE Systems, SAAB AB, General Dynamics Corporation, Honeywell International Inc., and Leonardo S.p.A, among others.

Radar Market by Category

Platform:

Land
Naval
Airborne
Space

Range:

Short Range
Medium Range
Long Range

Application:

Defense & Aerospace
Marine
Weather Forecasting
Remote Sensing
Automotive

Type:

Detection and Search
Targeting Radars
Weather Sensing Radars
Navigational Radars
Mapping Radars

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Analog Phase Shifter Market Current and Future Demand, Analysis, Growth and Forecast By 2027

A new research report suggests that the global analog phase shifter market is expected to witness an exponential growth in the coming years, especially in telecommunication applications. This research report by Future Market Insights is titled ‘Analog Phase Shifter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).’ The report highlights the current scenario of the global analog phase shifter market and the trends governing the market. According to the report, the global analog phase shifter market is expected to reach a market value of over US$ 1,600 Mn by the end of 2027, growing at a stellar CAGR of 49.5% during the forecast period.

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This exponential growth of the market is attributed to the introduction of 5G technology, wherein analog phase shifters will be used for beam forming. The telecommunication segment remained uneventful and non-responsive till 2017 after which the sector is expected to pick up pace and show the maximum contribution in the growth of the global analog phase shifter market during the forecast period 2017 – 2027.

The widespread nature and ubiquity of telecommunication infrastructure will induce a substantial growth in the market for analog phase shifters. The telecommunications segment in the global analog phase shifter market is expected to pick up pace in 2020, when the segment is anticipated to reach a valuation of over US$ 60 Mn by the end of 2020. The other two segments – radars and satellites – are both expected to witness a CAGR of 4.9% during the forecast period 2017-2027. The telecommunications segment is expected to grow at a whopping CAGR of 59.2% during the forecast period.

Analog phase shifter market to grow with arial defence gaining importance among security forces

As political instability and civil war continues in the Middle East, rich economies like the U.S. and Saudi Arabia are likely to spend heavily on their aerial defence programs. Procurement of air-to-surface missiles and up-gradation of military jets is also on the rise. Many countries are even implementing usage of drones into their arsenal. As phased array antennas are largely used in missile defence systems and military jets, the increasing focus on aerial defence will result in a favourable demand for analog phase shifters in the coming years.

Global Analog Phase Shifter Market: Competitive Landscape

This comprehensive research report includes a brief profile of the top players in the industry. Some of the leading companies mentioned in the report include Pulsar Microwave Corporation, Mini-Circuits, Qotana Technologies Co.,Ltd, SAGE Millimeter, Inc., Planar Monolithics Industries, L3 Narda-MITEQ etc.

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Key Segments Covered

By Application

Radars
Satellites
Telecommunication

By Region

North America
Western Europe
Eastern Europe
Latin America
APEJ
Japan
MEA

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Ginkgo Biloba Extract Market Research, Segmentation, Key Players Analysis and Forecast to 2025

Ginkgo biloba Extract which belongs to the family of Ginkgoaceaeis commonly known as gingko. It is the only living species in the division Ginkgophyta.Ginkgo is commonly found in the native parts of Asia which includes China, Korea and Japan. It’s also been grown in the United States as well as in Europe. For years it’s been used as a source of food and as a traditional medicine.

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The extract of Ginkgo biloba extract is marketed as a dietary supplement. Ginkgo Biloba extract is often given to the person suffering from memory disorders like Alzheimer’s disease. Gingko Biloba extract is also very beneficial to tackle the thinking disorders like depression and Lyme disease.

The extract of Ginkgo biloba leaf is known as EGb 761 in the medical terms. Ginkgo biloba extract contains about 5 to 7 % terpene lactones and 22 to 27 % of flavonoid glycosides. Research has shown that EGb 761 (Ginkgo biloba extract) is capable to inhibit the proliferation of the human cancer cells.

Market Segmentation

Ginkgo biloba extractis segment on the basis of application, type and region. On the basis of application market is segmented into food, cosmetics and pharmaceuticals. Among all these segment application in food is expected to grow enormously in the coming future, ongoing research in ginkgo biloba extract will also boost the growth of pharmaceutical segment. The demand for ginkgo biloba extract is more due to the benefit it offers as well as ease of availability of its product in the market.

On the basis of type the market is segmented intotablet, capsule and liquid extract.Ginkgo biloba extract come in various forms but the most popular form is the capsule form. Ginkgo biloba has special properties which provide various health benefits such as anti-cancer properties, antioxidant properties and has the ability to control high blood pressure.On the basis of region Ginkgo biloba extractmarket is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan.

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Market Regional Outlook

Regional segment for the market of Ginkgo biloba extractis divided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan. Among these segment Asia is expected to have the major market share globally, as it is the largest producer and consumer of Ginkgo biloba extract.

In Asia Pacific region the countries like China and Korea are generating the major revenue. In terms of revenue Japan is the second prominent contributor in theGinkgo biloba extract market.

Market Drivers

The rise in demand for anti-ageing cream is expected to drive the growth of global Ginkgo biloba extractmarket. Ginkgo biloba extractis not only a rich source of flavonoidbut it also exhibits some special properties such as anti-inflammatory property,anti-influenzaproperty, anti-oxidant property, anti-neoplastic property,anti-bacterial property, scent property and also reduces the effect of Raynaud’s syndrome.

It also helps to cure disorders of the central nervous system, cure asthma& bronchitis and slowing the rate of aging. These versatile properties of ginkgo biloba extract is attracting the pharmaceutical segment a lot and will defiantly drive the ginkgo biloba extract market to a greater extent.Moreover, the market is also driven by the increasing awareness among the consumers about the health benefits associated with ginkgo biloba extract.

Market Key Players

Some of the key players in ginkgo biloba extractmarket are Wagott, Conba, Schwabe, Sundown Naturals, Solgar, Nature Made, Nature’s Bounty , Jarrow Formula, Good ‘N Natural,Blackmores, 21st Century and Solaray among others.

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Intelligent Transport Systems (ITS) Market is Expected to Increase at 13.4% CAGR from 2022 – 2027 | Report by FMI

Intelligent Transport Systems (ITS) Market is slated to top US$ 37.8 Bn in 2022 & US$ 70.8 Billion by the end of 2027, expected to grow at a 13.4% CAGR between 2022 and 2027. According to a recently published report by Future Market Insights titled “Intelligent Transport Systems (ITS) Market: Global Industry Analysis (2013-2021) and Prospect Assessment (2022-2027),” The primary factors which are driving this market are increasing preference towards more suitable transport infrastructure and increase in spending on the intelligent transportation system.

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Global Intelligent Transport Systems Market: Drivers

Focus on reducing vehicular pollution
Increase in government collaborations for effective traffic management
Growing requirement for advanced traffic congestion solutions
Growing innovations in products to amplify the demand of ITS products
Keeping a check on high emission vehicles
Increasing demand for advanced solutions to reduce road accidents
Traffic law enforcement
Rapid urbanization and government’s increasing spending on smart city projects
Government funding for proper transport plans

Global Intelligent Transport Systems Market: Forecast by Region

This market research company has included ASEAN region along with APEJ, Japan, North America, Latin America, Eastern Europe, Western Europe, Japan and MEA. In APEJ, the collision avoidance system segment is a key application segment, which is expected to showcase a high CAGR during the forecast period. In APEJ, the intelligent urban traffic management system application segment is expected to reflect high market share.

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Global Intelligent Transportation Systems Market: Forecast by Component

On the basis of component, the global intelligent transportation systems market is segmented into hardware, software and service. After studying the entire market it has been witnessed that in terms of value, the software segment is expected to increase at a relatively higher CAGR during the forecast period. This segment is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.0% during the forecast period. The hardware segment on the other hand is expected to exhibit a high market attractiveness index over the forecast period. In 2017, the hardware segment is estimated to be valued at US$ 10,396.3 Mn, and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global Intelligent Transportation Systems Market: Forecast by Application

On the basis of application, global market for intelligent transportation systems market is segmented into intelligent urban traffic management systems, highway traffic management, intelligent car parking management systems (smart parking), fleet management and asset monitoring, collision avoidance systems, advanced traveler information systems, and congestion/road charging solutions. The collision avoidance system segment is expected to showcase a high CAGR during the forecast period. In terms of attractiveness index, highway traffic management segment is expected to witness a high market attractiveness index over the forecast period. In terms of value, intelligent urban traffic management system segment was valued US$ 5,037.5 Mn in the year 2017, expanding at a robust CAGR of 9.4%.

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Global Intelligent Transport Systems Market: Competitive Landscape

Thales Group Ad, Siemens AG, Garmin Ltd., Kapsch Trafficcom, Tomtom International BV, Q-Free ASA, Denso Corporation, Atkins Group, Iteris, Inc., Ricardo PLC, Efkon AG., Savari Inc., Transcore, Lp, and Lanner Electronics Inc are some of the key leaders operating in the global intelligent transport systems market.

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